by Jason RosenWhat if I use an RRSP as Security for a Loan?
A Registered Retirement Savings Plan is used to defer taxes on income earned to a later date. The idea behind an RRSP is that while you’re worki...
by Ryan RobertsonCRA Collections and COVID-19
Given the unprecedented financial turmoil facing Canadians as a result of the COVID-19 Pandemic, on March 20th 2020, the government of Canada announce...
by Mariya ZekelWhat is Considered Tax Evasion?
Tax evasion is where a taxpayer chooses to avoid paying their real tax liability, and either underpays or pays no taxes at all. Tax avoidance and tax ...
by Mariya ZekelNavigating The Tax Court of Canada
The Tax Court of Canada is typically the third state in the dispute resolution process. First, an audit is initiated by the Canada Revenue Agency to t...
by Jasmeen SinghJoint Bank Accounts, the CRA and Third-Party Liability
Section 160 of the Income Tax Act, and its counterpart, section 325 of the Excise Tax Act, gives the Canada Revenue Agency (CRA) broad powers to coll...
by Ryan RobertsonEI Sickness Benefits and COVID-19
Given the financial uncertainty facing Canadians as a result of the COVID-19 Pandemic, on March 18, 2020, the government of Canada announced additiona...
by Avery KalpinThe Canada Revenue Agency Response to COVID-19
In order to alleviate the burden of the ongoing COVID-19 crisis on Canadians, the Federal Government of Canada has introduced changes to the Canada Re...
by Mariya ZekelWhat are the CRA Requirements for Record Keeping?
The Canada Revenue Agency (CRA) requires individual and corporate taxpayers to keep their records in case they are audited, or if the CRA wants a taxp...
by Jason RosenCryptocurrency Mining and the CRA
This tax season brings many hot topics, however one that carries a high degree of complexity is the taxation of cryptocurrency. As the cryptocurrency ...
by Mariya Zekel